HyperNet ICO

HyperNet and its work alongside new technology.

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HyperNet ICO

Another ICO that has just recently showed its existence in the market is one that goes by the name of HyperNet. According to their website they are “…a protocol for high performance computing across a distributed network of devices.” This basically means that they aim to improve distributed networks using parallel computing in the way that utilizes CPU power in an economic and cost effective way. If they manage to create a hype in the market that will subsequently serve to connect buyers and sellers that harbour sufficient computational power on the HyperNet platform. The whole basis on this ICO depends on the differences between parallel and distributed computing. Parallel computing is a concurrent use of multiple processors or CPUs to make computation or work happen. Unlike that, distributed computing divides the network load across multiple devices which then would go on to work side by side instead of working at the same time. These results are then amalgamated together to produce the results. HyperNet uses what is known as an asynchronous decentralised programming model. Unlike the old systems where one task had to be performed and finished before the other could be run, this model allows for more than one task to be completed within the same time frame. Thus its use cases and advantages are several.

Moving on to its token economics, it really depends on four factors. Voting rights, mining rights, staking and the fact that the token is going to function as a transactional currency on the platform, all merge together to form its token analysis. When it comes to the hype, this project really depends heavily on a lot of technical progress around the world. Their system really can not function without the existence of that progress. They aim to build a high performance computing architecture which will lead from algorithms and networks that do not really exist yet. They do, however, have a world class team. The only disadvantage to the team is the fact that they do not really have corporate experience. The team includes Daniel Maren who studies computer science at Stanford University and found Dragonfly systems, a solar power electronics company which was acquired by some power corporation in 2014. There are many other factors at play, however, in the market when one talks about  cloud computing one has to keep in mind that there are many other factors at play and it may not be that easy to pass a verdict on it. One would just have to wait and see whether or not they pick up when they hit the exchanges.

It is advisable for one to conduct their own research regarding ICOs and their limitations or advantages as the internet is not a good financial adviser when it comes to how one should handle their money, however, a quick overview of the way an ICO works, its token economics and its white papers is a good dive into what the ICO stands for.

Keeping all that in mind, it is essentially up to one’s own self whether they choose to invest in an ICO or not. Research, analyse and approach with caution. The world of ICOs is your own playing field and whatever way you choose to venture out in it, make sure you are fully equipped and motivated before doing so.